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Teaching Kids About Money by bartz025(m): 11:43am On May 02, 2019 |
Teaching your child about money management is a very necessary role you have to play as a parent. If you don't teach your kids how to manage money, somebody else will. And I am pretty sure, that isn't a risk you'd like to take! We'll preview some outlines on how to give your kids the head-start you wish, and set them up to win against money at any age. USING A JAR TO SAVE Piggy bank is an important idea, but it doesn't provide your kids with the "visual" . When you use a clear jar, they see the money growing. Day before yesterday they Had N100 note; Today, it has risen to N200! Talk about it with them, let them know the importance of saving. SET AN EXAMPLE A study found out that money habits in your kids are formed at the time they are six-seven years old. Little eyes are watching you; if you are "slapping down plastic every time you go out to dinner or super market, they would notice. Set a healthy example for them and they'll follow that. STUFFS COSTS MONEY You've got to do much more than just; "TALK" "That Pack of creative toys costs N6,000 son" Help them grab a few money out of the jar, take it with them to store, and physically, hand the money to the cashier. It'll have a good impact in them. GIVE THEM A BANK ACCOUNT RESPONSIBILITY By the time your kid is a teenager, you should know, you're too set them up with a bank account, ("like me I opened a bank account at the age of 17��" "my parent's are good" ![]() There are so many other ways in which you can teach your kids about money, but we'll list the other ways, down here; • Show Opportunity Costs • Give commissions and not allowances • Avoid impulse buys • Stress the necessity to give • Let them be "Contented" • "Stay Clear of loans" • Help them on how to make money Well if you do all of this, you're likely to have a great parenthood. Thanks for reading and please share [url]newsy.com.ng/2019/05/teaching-kids-about-money.html?m=1[/url] 1 Like
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Re: Teaching Kids About Money by czarina(f): 11:52am On May 02, 2019 |
Beautiful! 2 Likes |
Re: Teaching Kids About Money by Colonelswitz101(m): 11:58am On May 02, 2019 |
Wow I am definitely giving this a try 2 Likes |
Re: Teaching Kids About Money by Greentipsng: 12:06pm On May 02, 2019 |
This is a dime piece 1 Like |
Re: Teaching Kids About Money by bartz025(m): 12:11pm On May 02, 2019 |
czarina: ![]() 1 Like 2 Shares |
Re: Teaching Kids About Money by bartz025(m): 12:12pm On May 02, 2019 |
Colonelswitz101:would definitely work out, ![]() |
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